Distribution Agreements · glossary
An event beyond a party’s control, such as fire or flood, that excuses a delay it causes. Clause 20.1 never counts lack of money, higher costs or a party’s own customs papers, and never excuses late payment. After 3 months in a row, either side may end the Agreement. Agreement, clause 20.1 · Chapter 5
Explained in Chapter 5, Delivery, Risk, Retention of Title and Force Majeure, of Distribution Agreements.
Also explained in White Label SaaS and Drafting Skills.
A flood at the factory could stop deliveries for weeks. Cressby does not want to pay damages for a delay it could not prevent. A force majeure clause excuses a delay caused by an event beyond a party’s control.Read Chapter 5, Delivery, Risk, Retention of Title and Force Majeure →
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